Bread Financial Holdings, Inc. (NYSE:BFH) Given Consensus Recommendation of “Hold” by Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $59.69.

A number of analysts have commented on the stock. TD Cowen upped their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada upped their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in Bread Financial by 2.1% during the third quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after purchasing an additional 41,012 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock valued at $55,012,000 after buying an additional 13,459 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Pzena Investment Management LLC grew its position in Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after acquiring an additional 243,419 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Bread Financial by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company’s stock worth $34,759,000 after acquiring an additional 13,484 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

BFH stock opened at $62.70 on Friday. The company has a market cap of $3.12 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.38 and a beta of 1.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. Bread Financial has a 1 year low of $32.10 and a 1 year high of $66.71. The stock’s fifty day moving average price is $62.13 and its 200-day moving average price is $55.90.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. On average, equities analysts forecast that Bread Financial will post 6.46 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. Bread Financial’s dividend payout ratio is currently 15.14%.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.